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11 GCA § 24103

Levy

Guam Code AnnotatedTitle 11 — Finance and Taxation
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(a)There is hereby levied on all land property in Guam a yearly tax at the rate of seven seventy-seconds percent (7/72%) of the value thereof and seven eighteenths percent (7/18%) of the value of the improvements thereon. Such tax shall be assessed and collected in the manner prescribed in this Chapter. All proceeds derived by the government under any provision of this Chapter shall be deposited in the Guam Educational Facilities Fund.

(b)In addition to the levy in Subsection (a), there is hereby levied on improvements on all land property in Guam with a value of One Million Dollars ($1,000,000) or more a yearly tax at the rate of seven eighteenths percent (7/18%) of the value thereon. Such tax shall be assessed and collected in the manner prescribed in this Chapter. All proceeds derived by the government under any provision of this Chapter shall be deposited in the Guam CH. 24 REAL PROPERTY TAX Educational Facilities Fund.

§ The story of this section

  1. Amended by P.L. 12-52 (bill & sponsor pending — earlier Legislature not yet ingested)
  2. Amended by P.L. 12-123 (bill & sponsor pending — earlier Legislature not yet ingested)
  3. Amended by P.L. 23-108 § 2 — introduced as Bill 455-23 · introduced by Antonio R. Unpingco + 2 cosponsors
  4. Affected by P.L. 29-19 § X — introduced as Bill 174-29
  5. Affected by P.L. 30-7 § 12 — introduced as Bill 1-30
  6. Affected by P.L. 31-196 § 1 — introduced as Bill 414-31 · introduced by Vicente C. Pangelinan + 2 cosponsors
  7. Affected by P.L. 33-185 § XIV
  8. Affected by P.L. 34-116 § 3 — introduced as Bill 323-34 · introduced by Benjamin J.F. Cruz
  9. Amended by P.L. 35-1 § 1 — introduced as Bill 4-35 · introduced by Joe S. San Agustin + 3 cosponsors

Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.